Former BitMEX CEO Arthur Hayes believes that the decisions of the US Federal Reserve at today's meeting could cause “madness in the markets.” Bullish madness, I mean.
And taking into account how Hayes’s forecasts and opinions are being worked out in 2024 (you can search his name in our feed) - it’s worth keeping in mind. The US Federal Reserve's decision on interest rates, by the way, is in less than 10 minutes. It is worth preparing for your positions.
Earlier last week, Hayes published his new essay, calling it "A Bunch of Fools." In it, he noted a sharp change in the monetary policy of the central banks of the G7 countries. Hayes discussed how new macroeconomic conditions will affect the cryptocurrency market and therefore, in his opinion, the time has come to take a bullish position on BTC.
Quote from his recent post in X:
“Cutting interest rates from the Bank of Canada and the ECB will encourage investors to put more money into risky assets. Summer promises to be interesting"
In addition, in a broadcast on YouTube Coin Bureau on June 9, Hayes and Real Vision CEO Raoul Pal named strong altcoins.
An interesting thing is that part of their portfolios consists of “dog” meme coins like #DOGE, #BONK, #WIF. Hayes believes that meme coins have serious potential to take off in the current cycle. Pal is confident that Elon Musk is going to “do something with DOGE.” According to Hayes, US regulators will approve the Dogecoin ETF by the end of this cycle (after the Ethereum ETF).
Hayes believes that#APTis capable of overtaking#SOLin the “L1 network race” within 1-3 years, and#ADAwill leave the TOP 10 in this cycle. And is positive about the future of #ENA. Pal stated that he is 90% in#SOLand this is “the right bet for the current cycle.”
